M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L
M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L, available at $54.99, has an average rating of 4.25, with 22 lectures, based on 6 reviews, and has 1064 subscribers.
You will learn about uniform system of accounting (USALI) accounting guidelines chart of accounts for hospitality market segmentation This course is ideal for individuals who are hotel management professionals or hotel finance employees or operation managers It is particularly useful for hotel management professionals or hotel finance employees or operation managers.
Enroll now: M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L
Summary
Title: M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L
Price: $54.99
Average Rating: 4.25
Number of Lectures: 22
Number of Published Lectures: 22
Number of Curriculum Items: 22
Number of Published Curriculum Objects: 22
Original Price: $64.99
Quality Status: approved
Status: Live
What You Will Learn
- uniform system of accounting (USALI)
- accounting guidelines
- chart of accounts for hospitality
- market segmentation
Who Should Attend
- hotel management professionals
- hotel finance employees
- operation managers
Target Audiences
- hotel management professionals
- hotel finance employees
- operation managers
Hospitality finance is unique from other industries. A part of the hotel finance department is considered part of hotel operations rather than a support function due to blending into the main operations for cash control, purchasing, material management.
Hotel operations are also fast-paced high-volume transactions making it unique and require a lot of internal controls and reconciliations. Being a part of a big moving machine, if finance does not function equally fast, the entire machine gets slows. and if internal control is week, revenue may leak.
In this complete Master Class, we will learn all components of the hotel finance function, internal controls, management aspects and technical accounting.
Class is divided into Modules and you will gain access to all modules one by one. you can choose to learn as per your individual requirements. In this module, we will be covering
– What is uniform system of accounting for lodging industries (USALI)
– Templates for Profit & Loss Account
– Definition of Revenue and Expenses lines in Profit & Loss accounts.
– Market Segmentation and other statistics reports prescribed by USALI for hotels to maintain for analysis
In other modules, we will be covering,
Uniform System of accounting,
Accounts Receivable
General Accounting
Fixed Asset Controls
Income Audit
Cost Control and other departments.
This Module is Basic and the First to be learned. There will be updates to this module based on our Live classes. You can ask any questions in the Question and Answers.
The instructor of this class is an experienced CFO with over 12 years of experience in hospitality finance, Currently, he is managing 15 hotels in Myanmar.
Once you have completed all Modules, you will get entitled to Get a Master Class Certificate issued by “E hotel management school” separately in addition to completion certificate issued by UDEMY for Completing each module.
Course Curriculum
Chapter 1: Introduction to USALI
Lecture 1: 1. Introducing Hotel Operating Structure-Profit Centers
Lecture 2: 2. Introducing Hotel Operating Structure-Support Centers
Lecture 3: 3. Explaining the main Profit & Loss Statement
Lecture 4: Resources used in this Class
Chapter 2: Room Division P&L – Revenue Part
Lecture 1: 4. Room Profit & Loss – Transient Market Segment
Lecture 2: 5. Rooms – Group Market Segment Explained
Lecture 3: 6. Rooms Division – Contract Revenue and Other Room Revenue
Lecture 4: 7. Other Rooms revenue consideration – Packages Barter Loyalty program
Chapter 3: Room Division Expenses
Lecture 1: 8. Structure of Room Departmental Expenses
Lecture 2: 9. Labour cost Departments and Positions
Lecture 3: 10. Labour cost Departments and positions
Lecture 4: 11. Other Labour cost items for Room Division
Lecture 5: 12. Room Expenses A-d
Lecture 6: 13. Room Expenses E-R
Lecture 7: 14. Room Expenses S-Z
Chapter 4: Room Department Statistics and Analytics
Lecture 1: 15. Intro to Section on Room Statistics
Lecture 2: 16. Occupancy Statistics definitions
Lecture 3: 17. Formulas for Room Statistics
Lecture 4: 18. Room Statistics Report to help understand P&L
Lecture 5: 19. Understanding what are variable expense and fixed.. showing P&L analysis
Lecture 6: 20. Closure Video for Rooms Module
Chapter 5: Bonus Lecture
Lecture 1: Link to other Modules in the Master Class
Instructors
-
Hotel Management School Your learning Partner
Professional Hotel Management courses for career development -
TA eHMS
Business Development at eHMS
Rating Distribution
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- 2 stars: 0 votes
- 3 stars: 1 votes
- 4 stars: 3 votes
- 5 stars: 2 votes
Frequently Asked Questions
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You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
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